Rio Tinto, an industrial metals and minerals corporation, has a trend of rising approx 14-15 days before it’s earnings release which is currently scheduled for 8 Aug. Today, I purchased 4 Aug 45 calls at $1.79. My loss limit is $1.40 and exit point is $2.80.
Here’s a look at my potential profit:
|# Shares or Contracts||Purch Price||Capital Out||Sell Price||Capital In||Comm & Fees||Gain / Loss||
% Gain & Loss
My charts for this trade: